Currently viewing the tag: "reverse mortgage rates"

Reverse Mortgage Concepts Pays Up Front MIP

By On August 4, 2010

Reverse Mortgage Concepts, an Arizona reverse mortgage broker is quoting fixed rate, FHA reverse mortgages with 100% lender paid MIP. Borrowers can elect to have a 5.49% interest rate without having to pay the up front mortgage insurance premium required by HUD, instead, the lender will pay for 100% of the MIP. In addition, another choice of a lower rate, 4.99%, comes without lender paid MIP.

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Free Reverse Mortgage Counseling

By On July 27, 2010

The U.S. Department of Housing and Urban Development (HUD) announced today that $79 million (seventy-nine million dollars) will be made available for a broad range of housing counseling including how to qualify for a reverse mortgage in fiscal 2010. In times like these when reverse mortgage counseling can cost as high as $125, the additional money is a welcoming sign that more free reverse mortgage counseling should be forthcoming.

This funding represents a 27% increase over last year. HUD says the primary benefits of the program are to expand homeownership opportunities, improve access to affordable housing and preserve homeownership. Here is a list of some of the types of counseling the funds will pay for:

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Unlicensed Loan Officers Still Operating in Arizona

By On July 18, 2010

With all of the advanced warning and instructions we received from the state and many other sources, there can be no gray area when it comes to who has to have a license to originate loans in Arizona and how to get one. This is not the case for some loan officers who continue to ignore the SAFE Act requirements set by lawmakers that took affect on July 1, 2010.

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Arizona Reverse Mortgage 4.99% Fixed

By On April 24, 2010

Reverse Mortgage Concepts is offering Arizona Reverse Mortgage borrowers a rare opportunity to lock in a 4.99% fixed for life, reverse mortgage in Arizona with no lender fees and no servicing fees. A free home inspection will be performed to qualify. Please contact me directly for more information.

Michael Manfredi is an Arizona Reverse Mortgage Lender

Reverse Mortgage Concepts

Phoenix, AZ 85020
(602) 456-0009
(888) 697-5556

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Arizona Reverse Mortgage Lending Limit History

By On April 18, 2010

A decade long look at Arizona reverse mortgage lending limits in Maricopa County Arizona.

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